Seller's Agent in 2024
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
100 Total Sales
456 Myrtle St Glendale, CA 91203
Vineyard Neighborhood
4
Beds
4
Baths
20,392
Sq Ft
0.31
Acres
Highlights
- 0.31 Acre Lot
- No HOA
- 20 Car Garage
- Herbert Hoover High School Rated A-
- Laundry Room
- Rectangular Lot
About This Home
As of May 2024Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer.
Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases.
Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building.
Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access.
**There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.**
This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale’s vibrant real estate market.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 04/05/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 20 Car Garage
- Parking Available
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 20,392 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 94
- Tax Tract Number 3018
- Assessor Parcel Number 5637018050
- $2,170 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 18 Units
Building Details
- 17 Leased Units
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,440
- Insurance Expense $17,300
- Maintenance Expense $9,900
- Professional Management Expense $28,260
- Trash Expense $9,648
- Water Sewer Expense $15,600
- New Taxes Expense $91,584
- Operating Expense $188,060
- Gross Income $570,012
- Net Operating Income $366,052
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $8,280,000 | -2.4% | $406 / Sq Ft |
| 04/12/2024 04/12/24 | Pending | -- | -- | -- |
| 04/05/2024 04/05/24 | For Sale | $8,480,000 | -- | $416 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $60,355 | $8,445,600 | $4,386,000 | $4,059,600 |
| 2024 | $60,355 | $5,359,152 | $3,684,421 | $1,674,731 |
| 2023 | $59,000 | $5,254,072 | $3,612,178 | $1,641,894 |
| 2022 | $57,993 | $5,151,051 | $3,541,351 | $1,609,700 |
| 2021 | $56,935 | $5,050,051 | $3,471,913 | $1,578,138 |
| 2019 | $54,776 | $4,900,266 | $3,368,935 | $1,531,331 |
| 2018 | $53,936 | $4,804,183 | $3,302,878 | $1,501,305 |
| 2016 | $51,335 | $4,617,632 | $3,174,624 | $1,443,008 |
| 2015 | $50,297 | $4,548,272 | $3,126,939 | $1,421,333 |
| 2014 | $47,651 | $4,250,000 | $2,900,000 | $1,350,000 |
Source: Public Records
Agents Affiliated with this Home
-
Olga Wright
-
Arthur Mangassarian
Buyer's Agent in 2024
Arthur Mangassarian
RE/MAX
(818) 409-0040
4 in this area
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24064234
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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